Here are the latest updates on Chainlink (LINK):
Top current news
Cryptocurrencies expected to achieve significant growth (100×)
Chainlink is among the top currencies that experts believe could achieve significant growth, despite a short-term price decline, with its current price around $24.14, along with very high trading activity in the market.
Strong forecasts for 2025;
Chainlink is classified as one of the top currencies for investment in 2025, supported by its vital role in the decentralized financial (DeFi) system and oracle services. Expectations are shifting towards levels between $27 and possibly exceeding $40 in the long term.
Investments from major players (whales)
The currency has attracted interest from major investors; a whale purchased about 663,580 LINK worth approximately $16.5 million, indicating increasing confidence in the currency.
Technical and fundamental developments
Strategic partnership with SBI Group
Chainlink announced a partnership with Japan's SBI Group to develop tokenized assets and stablecoins using the CCIP protocol, focusing on financial data capture solutions and providing Proof of Reserves. Despite the partnership, the currency saw a decline of about 6% in price over the past 24 hours.
Advanced security registrations and positive price movements
The currency rose by 12% in a rally following optimistic statements from the U.S. Federal Reserve, supported by obtaining ISO 27001 and SOC 2 Type 1 certifications, which boosted institutional investor confidence. Additionally, the price jumped by 8% driven by a Reserve buyback program and building strong support levels around $23.5–$23.6.
Positive future technical features and potential correction risks
LINK is testing key support at $23.5, according to technical analyses, and some analysts expect a potential drop of 15% to $20 before a strong technical breakout could push the price towards the $95–$100 range. This scenario is supported by the SBI partnership and enhances institutional investor confidence.
Initiative to present an ETF for LINK currency
Official applications for an ETF linked to the currency
Bitwise submitted a preliminary application for an ETF that tracks the LINK spot price to the U.S. Securities and Exchange Commission (SEC), which could facilitate institutional investors' access to the currency through traditional markets. The approval process may take up to 240 days, but its success could be a turning point for LINK's activity in the United States.
Quick summary
Subject | Key Details | Recent Currency Performance | Strong increases ranging from 8%–12% supported by whale buying and partnerships | Current Risks | Potential correction of up to 15%, especially if the price breaks support at $23.5 | Future Prospects | Expectations of rising to $27–$40, and even potential breakouts towards $95–$100 | Institutional Enhancements | Obtaining security certification and paper solutions, and a partnership with SBI | Potential ETF | Official submission from Bitwise for an ETF based on LINK